Credit Agricole

It was reported on Tuesday morning that the state-run Bank of China has halted FOREX swaps with several top European banks. The banks included Societe Generale and Credit Agricole, which were downgraded by Moody's Investors Service last week, and BNP Paribas, which Moody's said it will need more...

The markets were dealt another blow on Wednesday when Moody's Investors Service downgraded two of France's biggest banks and placed a third on review. Societe Generale and Credit Agricole were downgraded, while Moody's said that it would take more time to review BNP Paribas. There had been...

Moody's has its ratings of France's top 3 banks, BNP Paribas, Societe Generale and Credit Agricole, on review for a potential downgrade, as the exposure to Greek debt is too much to handle. Moody's said that the debt exposure these three banks have would be worth of a one notch downgrade, except...

Not hours after the IMF said that it would be open to delaying payments from Greece, Moody's is out with some comments on the situation and said that a Greek debt roll-over would be considered a default. The sovereign head of Moody's said that a Greek debt roll-over would be a credit event, and...